Brasília – The Economic Activity Index (IBC-Br) for October, released this Monday (15th) by the Brazilian Central Bank (BC), is down 0.26% in the 12 months leading up to October 2014. The index is seasonally adjusted and monitors the behaviour of economic activity in Brazil. In September, activity was up 0.26% from the previous month.
The index keeps track of activity levels across the three sectors of the economy: industry, retail and services, and agriculture. The IBC-Br represents the BC’s economic analysis, but official GDP figures in Brazil (i.e. the sum of all goods and services produced in the country) are released by the Brazilian Institute of Geography and Statistics (IBGE).
*Translated by Gabriel Pomerancblum
